New FTC Data Show People Have Lost Billions to Social Media Scams
2026-04-27 20:18 UTC
Social media was the costliest fraud contact method in 2025 and reported losses increased eightfold since 2020
Reports show that in 2025, people reported losing more money to scams that started on Facebook than on any other social media platform. WhatsApp and Instagram were a distant second and third. In 2025, people reported losing far more money to scams on Facebook alone than they reported losing to text or email scams.
Replies (2)
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@Blackfeathr@lemmy.world 2026-04-27 21:36
And Facebook lets scammers run rampant with 17+ strikes or more a slap on the wrist at best, because their activities drive up engagement and possible revenue for fraudulent sales made on the platform.
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@xtr0n@sh.itjust.works 2026-04-27 21:07
Is this including the ones actively promoted by the POTUS?